Harvard University Discloses $2.2 Billion Investment in SpaceX
Harvard Management Company (HMC), the investment arm of Harvard University and one of the world's largest endowments at approximately $57 billion, has disclosed a significant $2.2 billion stake in Space Exploration Technologies Corp., commonly known as SpaceX. This marks SpaceX as HMC’s single-largest stock holding within its equity portfolio, which totals around $4.3 billion across various technology companies such as Amazon and Microsoft. The Harvard endowment also holds about $101 million worth of Bitcoin through the iShares Bitcoin Trust ETF (IBIT). While publicly traded stocks make up a small portion of HMC's assets, private equity and hedge fund investments account for roughly 72% of its portfolio. The investment in SpaceX highlights HMC’s growing interest in high-growth technology ventures. The disclosure comes amid recent volatility in the stock market and as SpaceX continues to expand despite significant capital expenditures relative to revenue.
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